Prosus Reports Just Eat Takeaway Order Growth After 55-Month Decline

Prosus said on October 8, 2026, that orders at Just Eat Takeaway.com returned to year-on-year growth in September 2026, the first month of growth after 55 months of decline, disclosing the milestone in a group announcement and an accompanying letter to shareholders from chief executive Fabricio Bloisi.

When Prosus took control of Just Eat Takeaway.com in December 2025, orders were falling 9% year-on-year. The company said it undertook a transformation of the business spanning technology, logistics, product, customer experience and marketing, and that it expects the early gains to compound over time. User numbers are now growing, according to the announcement, and Bloisi said JET will focus on expanding growth while working to make every order more profitable.

“2026 is a year of execution. Our priorities are clear: build the best food delivery operation in the world, and innovate as a global technology leader. JET’s return to growth is an early sign that we are on the right track, and our playbook, based on innovation, is having a major impact. Now our focus is on maintaining this trajectory and improving profitability,” Bloisi said.

Both the announcement and the letter to shareholders describe the approach as the playbook Prosus previously executed in Brazil: move fast, invest, test, learn, optimize and scale, then drive cost leadership through technology.

iFood’s Brazil Position and Product Economics

In Brazil, iFood has kept around 80% of app market share nationwide despite intensified competition, the company said. In his letter, Bloisi wrote that iFood serves 80 million recurring customers and stands as one of the two most important technology players in the region. He said competition has intensified meaningfully over the past 18 months, with rivals spending roughly US$150 million per month in burn and losing significant money, and added that Prosus expects the pressure to continue. According to the letter, iFood has lost about 5 points of market share, compared with roughly 20 points lost by market leaders in other regions facing similar pressure.

Bloisi’s letter sets out four reasons the company expects iFood to keep leading. First, its Hits product, which offers cheaper food for millions of customers, grew 70% against the prior six months; the letter claims competitors’ similarly priced products burn 10 times more per order through subsidies, while iFood concentrates on long-term cost leadership through technology and operating efficiency. Second, quick-commerce customers order at twice the frequency and show 18% higher retention than regular customers, meal-voucher customers show 30% better retention, and loyalty members order at twice the average frequency. Third, iFood has diversified substantially beyond food delivery, with Non-Food Delivery units now responsible for about 40% of revenues; the announcement states those revenues are growing at more than 50% year-on-year, while the letter puts the growth rate at almost 50%. Fourth, the company said restaurants that use iFood as their key delivery channel outgrow their peers by 30 percentage points annually on average and are 60% less likely to go out of business.

Wider Portfolio and Stated Investment Approach

Across the rest of the portfolio, Prosus said OLX is growing strongly and profitably, Despegar is growing more than 20%, and PayU is profitable and scaling. The letter adds that Despegar is deeply connected to the Latin American ecosystem and describes PayU as now a leader in its segment. Prosus said these businesses give it earnings strength while it invests in JET and iFood.

Bloisi described the JET and iFood commitments as two deliberate decisions: JET because Europe is large and structurally attractive and Prosus believes it has a winning playbook there, and iFood because Brazil is an important market where the group has efficient operations it intends to defend. He wrote that Prosus is investing more in both businesses on the back of the recent operating signals and is consciously trading short-term profitability for a stronger, more defensible and faster-growing business over the longer term.

The letter, published as the group crosses the half of its fiscal year, restates Prosus’s two stated priorities for 2026: retaining the capability to operate what Bloisi called the best food delivery operation in the world, and accelerating innovation as a global technology leader to build leading AI lifestyle ecosystems.